BusinessWeek's latest issue is almost completely devoted to China
and India - over 70 printed pages and more on-line. Their huge potential,
their appetite, their challenges. I have met two of the prime authors - Pete
Engardio, based in NYC (but spent years in Hong Kong and other parts of
As I leafed through the issue and some of the data they quote (from various research firms) I found my mind brimming with burning questions:
1) Is the West prepared to absorb $ 2 trillion in exports from the 2 countries expected in 2010, almost triple what it is today?
2) Are China and India prepared to import at least $ 1.8 trillion a year in return so we do not end up with massive trade wars or dramatically reduce 1 above? (By the way a $ 1 trillion in Middle Eastern oil imports would not be a good answer to this question).
3) How many US and European companies are aggressively innovating and moving up the "stack" in their product value chain?
4) How many US and European companies are gearing up to aggressively export to these countries as GE is?
5) What are government and corporations doing to retrain western labor force to support 3. and 4?
6) Can western labor for "utility" (as against innovation) work be
made more competitive with technology (like Jetblue with VoIP)
or as wage inflation grows in
7) What impact will
8) Will Indian and Chinese companies learn to quickly build strong
management teams in US and
Lots of questions - hopefully lots of people smarter than me around the world are asking similar questions and coming up with answers. We have to thank Pete, Manjeet and the rest of the BW crew for stimulating this discussion. And introducing the term "Chindia" to Google.
Author's Note: Manjeet Kripalani at BusinessWeek corrects me and says they did not come up with the term "Chindia" - see her comment below. Nice and modest of her.